🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Australia's Crypto Assets ATM New Regulations: Cash Deposit and Withdrawal Limits and Fraud Warning
Gate News bot message, Australia's national financial intelligence agency ( AUSTRAC ) has introduced new operational rules and transaction limits for Crypto Assets ATM operators. The federal police stated that cases of fraud using self-service terminals are on the rise, with over 3.1 million AUD (2 million USD) lost to fraud conducted through Crypto Assets ATMs in the past 12 months, and this "may just be the tip of the iceberg."
The Australian Transaction Reports and Analysis Centre ( AUSTRAC ) stated in a press release that the agency is implementing a cash withdrawal limit of AUD 5,000 (USD 3,250) for Crypto Assets ATMs, and is instituting scam warning signs, enhancing transaction monitoring, and strengthening customer due diligence obligations.
Currently, these restrictions only apply to Crypto Assets ATM providers; however, AUSTRAC expects that cryptocurrency exchanges operating in Australia "if they accept cash for cryptocurrency transactions, will consider implementing similar restrictions."
AUSTRAC CEO Brendan Thomas stated that the new regulations are not set in stone, and the "validity of these conditions" will still need to be reviewed and adjusted if necessary. Meanwhile, the agency will work with law enforcement and ATM providers to curb any suspicious activities.
Source: Cointelegraph